Indian Economy News

Prime Minister Mr. Narendra Modi laid foundation stone and inaugurated various development projects in Pune, Maharashtra

On August 1, 2023, the completed sections of the Pune Metro were inaugurated by the Prime Minister, Mr. Narendra Modi, flagging off metro trains. Additionally, he gave the beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) more than 2,650 houses constructed by the Pune Municipal Corporation and more than 1,280 houses built by the Pimpri Chinchwad Municipal Corporation (PCMC). He also laid the foundation stone for about 6,400 houses being constructed by the Pune Metropolitan Region Development Authority, as well as approximately 1,190 PMAY houses that PCMC will be constructing. Also inaugurated by the prime minister was a waste-to-energy facility run by PCMC that was built for roughly US$ 36.5 million (Rs. 300 crore).

Prime Minister Mr. Narendra Modi stated, “Pune is a vibrant city that gives momentum to the economy of the country and fulfils the dreams of the youth of the entire country. Today’s projects worth about US$ 1.82 billion (Rs. 15,000 crore) will further strengthen this identity.”

He further emphasised the seriousness of the government for the urban middle class’ quality of life, the need of improving the public transport infrastructure, and the role of cleanliness in improving the quality of urban life. The need to further industrial development in the State of Maharashtra was also highlighted.

The Prime Minister stated that India now has over 1 lakh start-ups, up from just a few hundred nine years ago, in reference to the country's growing identity as the centre of innovation and startups. He lauded Pune for its contribution to the establishment of India's digital infrastructure and credited the growth of the digital infrastructure for this success.

Furthermore, it was informed that in the 10 years before 2014, only 8 lakh houses were constructed in two schemes of that time. In the last nine years, the Prime Minister informed that the government has constructed more than 4 crore pucca houses for the poor in villages and cities where more than 75 lakh houses have been built for the urban poor.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.